Cars.com

Cars.com Reports First Quarter 2024 Results

Retrieved on: 
Donnerstag, Mai 9, 2024
Investment, OEM, Webcast, Cars.com, Growth, Original equipment manufacturer, Acquisition, Line of credit, The Company

CHICAGO, May 9, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc." or the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • or the "Company"), an audience-driven technology company empowering the automotive industry, today released its financial results for the first quarter ended March 31, 2024.
  • Net cash provided by operating activities in the first quarter 2024 was $33.5 million, compared to $28.1 million in the prior year.
  • The Company repaid $10 million of debt during the quarter, reducing total debt outstanding to $480.0 million, as of March 31, 2024.
  • Guidance reflects additional investment to support marketplace brand and product development initiatives, as well as the shift of certain investments from the first quarter of 2024 into the second quarter of 2024.

Hyundai 2024 Palisade Wins Three-row SUV Challenge by Cars.com

Retrieved on: 
Dienstag, Mai 7, 2024
Cars.com, Hyundai Motor Company, Hyundai Palisade, Hyundai Motor America, Humanity, SUV, Heat, Ventilation, Multimedia

FOUNTAIN VALLEY, Calif., May 7, 2024 /PRNewswire/ -- The 2024 Hyundai Palisade is the winner of Cars.com's Three-row SUV challenge .

Key Points: 
  • FOUNTAIN VALLEY, Calif., May 7, 2024 /PRNewswire/ -- The 2024 Hyundai Palisade is the winner of Cars.com's Three-row SUV challenge .
  • "The Hyundai Palisade conveys dignified refinement with clear differentiation worthy of a flagship SUV," said Ricky Lao, director, product planning, Hyundai Motor North America.
  • "The 2024 Hyundai Palisade wowed us with its comfortable and classy interior, easy-to-use tech and wealth of features for the money," said Mike Hanley, Cars.com Senior Road Test Editor.
  • Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision.

FGPG Hires Former Hogarth & Ogilvy Global CEO Jonathan Adler as Chief Marketing Officer

Retrieved on: 
Donnerstag, April 25, 2024
Marketing, Advertising, Communications, Public Relations, Investor Relations, Cars.com, Saatchi & Saatchi, EBay, CMO, New York Comic Con, H&O, P&G, Porsche, Visa, Hogarth, Software, SABMiller, Dell EMC, VentureBeat, Ideation, Growth, Dell, History, WPP, Engineering, Samsung, Fujitsu, Lotus, FAB, Netflix, Petersen Automotive Museum, Gamescom, Coca-Cola, NetApp, BP, Clio Awards, Chime Communications, VCCP, Huawei

FGPG , a full-service, live, virtual, and hybrid brand experience agency and sister company to Show Ready , announced today the appointment of Jonathan Adler as Chief Marketing Officer (CMO).

Key Points: 
  • FGPG , a full-service, live, virtual, and hybrid brand experience agency and sister company to Show Ready , announced today the appointment of Jonathan Adler as Chief Marketing Officer (CMO).
  • “Collaborating hands-on with FGPG as a former client is one of many drivers for joining the team.
  • As Global CEO at Hogarth & Ogilvy (H&O), Adler oversaw a 1,200-person team across 48 offices, achieving over $200 million of revenue from clients such as Coca-Cola, Philips, and BP.
  • FGPG proudly delivers expertise across all disciplines,” said Frédérique Georges, Founder and CEO at FGPG.

Cars.com to Announce First Quarter 2024 Financial Results

Retrieved on: 
Donnerstag, April 25, 2024
Cars.com

CHICAGO, April 25, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc " or the "Company"), an audience-driven technology company empowering the automotive industry, today announced that it expects to report its financial results for the first quarter ended March 31, 2024, on Thursday, May 9, 2024.

Key Points: 
  • CHICAGO, April 25, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a " Cars Commerce Inc " or the "Company"), an audience-driven technology company empowering the automotive industry, today announced that it expects to report its financial results for the first quarter ended March 31, 2024, on Thursday, May 9, 2024.
  • The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m.
  • ET on the same day to discuss the results.
  • The conference call will be hosted by Chief Executive Officer, Alex Vetter and Chief Financial Officer, Sonia Jain.

KIA FORTE, SOUL, ALL-ELECTRIC EV6 AWARDED AS CARS.COM "2024 BEST VALUE NEW CARS"

Retrieved on: 
Dienstag, April 16, 2024
Cars.com, Gasoline, EVS, EVP, EV6, Plan S, SUV, Photography, Compact car, NBA, EV, Electric vehicle, HEV, Forte, Multimedia, PHEV

"The Forte, Soul, and all-electric EV6 recast the value equation in their respective segments, offering consumers innovative features without a compromise," Steven Center, COO & EVP, Kia America.

Key Points: 
  • "The Forte, Soul, and all-electric EV6 recast the value equation in their respective segments, offering consumers innovative features without a compromise," Steven Center, COO & EVP, Kia America.
  • Cars.com's 2024 Best Value New Cars report identifies the most affordable new-car models in four categories — small SUVs, EVs and PHEVs, small pickup trucks, and cars — that offer the best value for the price based on features and each category's median price among Cars.com's inventory.
  • The segment-busting Soul focuses on the interplay of form and function, with value packed into its list of standard and optional equipment.
  • Kia is recognized as one of the TIME100 Most Influential Companies of 2023.

Market Prices, Consumer Budgets Inch Closer Together, According to Cars.com's 2024 Affordability Report

Retrieved on: 
Dienstag, April 16, 2024
Cars.com, News, Inflation

CHICAGO, April 16, 2024 /PRNewswire/ -- In its second annual Affordability Report released today, car-shopping marketplace Cars.com® (NYSE: CARS) reveals a retail environment that is more accessible to consumers than it has been for months, and in some cases, years. Cars.com's 2024 Affordability Report is a comprehensive, data-driven resource for cost-conscious car shoppers that offers insights into consumer buying attitudes, an analysis of the current financing and trade-in landscape, and side-by-side vehicle comparisons by model, price, trim package, fuel efficiency and more.

Key Points: 
  • Cars.com's 2024 Affordability Report is a comprehensive, data-driven resource for cost-conscious car shoppers that offers insights into consumer buying attitudes, an analysis of the current financing and trade-in landscape, and side-by-side vehicle comparisons by model, price, trim package, fuel efficiency and more.
  • Vehicles under $30,000 grew the fastest, with inventory up 77% year-over-year, but are still below 2019 levels.1
    "Cars.com's Affordability Report helps educate shoppers on the vehicles that best fit their lifestyle and budget while ensuring consumer expectations are in line with market realities.
  • While prices are down, they're still nowhere near pre-pandemic levels," said Stef Schrader, news editor at Cars.com.
  • Cars.com considered 85 new vehicles in this year's Affordability Report, and the models below were best-in-class for 2024 — half fall under the $30,000 mark.

Tax Season Turbocharges Car Market: Dealers and Buyers Gear Up for a Surge in Shopping Activity, According to Cars Commerce March Industry Insights Report

Retrieved on: 
Donnerstag, April 11, 2024
Cars.com, Toyota bZ4X, F series, EVS, Toyota, Consumer, Ford F-150 Lightning, Toyota Tundra, Chevrolet Bolt, Charger, Ford Mustang Mach-E, Lightning, EV, New Car, Cadillac, Movement, Challenger, XT4, Growth, Online shopping

CHICAGO, April 11, 2024 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) (d/b/a "Cars Commerce Inc."), an audience-driven technology company empowering the automotive industry, today launched its March Industry Insights Report. Crafted by an expert team of Cars Commerce data analysts, the report provides macro and micro automotive market insights by analyzing supply, demand, pricing and consumer behavior data from across the company's platform, including its flagship marketplace and leading reputation site Cars.com®, digital solutions and website provider Dealer Inspire, and trade-in and appraisal technology provider AccuTrade.

Key Points: 
  • "), an audience-driven technology company empowering the automotive industry, today launched its March Industry Insights Report .
  • "As tax-return season approaches, both dealers and consumers are gearing up for a surge in car-buying activity.
  • Dealers have expanded their new-car inventory by nearly 9% month-over-month, and consumer searches for new cars are on the rise by almost 4%.
  • This increased activity indicates a strong consumer readiness to utilize tax refunds for vehicle purchases," said Rebecca Lindland, senior director of industry data and insights at Cars Commerce.

Cars.com's Your Garage Gives Car Owners Market Power for Trade-Ins and New Purchases, Showcased in Latest 'Possibilities' Ad

Retrieved on: 
Dienstag, April 2, 2024
Partnership, Radio, Garage, Possibilities, Leo Burnett Worldwide, IOS, Android, Cars.com, Satellite navigation device

CHICAGO, April 2, 2024 /PRNewswire/ -- Car-shopping marketplace Cars.comⓇ (NYSE: CARS) unveils Your Garage, a powerful tool designed to provide car owners with the ability to track the value of their vehicle over time so they can make a more informed decision. Much like tracking the value of a home, Your Garage offers a hub for consumers to keep track of the financial trajectory of their vehicles and know when it comes time to trade it in what the expected value should be when they enter the market. Cars.com will expand its "Possibilities" brand campaign to include new advertising to introduce Your Garage. 

Key Points: 
  • Cars.com will expand its "Possibilities" brand campaign to include new advertising to introduce Your Garage.
  • Your Garage serves as a one-stop hub for car owners to manage their vehicles and plan for the future.
  • List Your Car for Free: Consumers looking to maximize the return on their current vehicle in this profitable market can list their car for free.
  • Your Garage is live on the Cars.com site and on the Cars.com app, available on Android and iOS platforms.

AMC Entertainment Holdings, Inc. Board of Directors Elects Sonia Jain to Serve as a Director of the Company, Effective March 1, 2024

Retrieved on: 
Freitag, März 1, 2024
General Entertainment, Entertainment, Film & Motion Pictures, Sundance Institute, AMC, Science, Commerce, Warner Music Group, Electrical engineering, WPP, Television, MCI Systemhouse, Cruise line, Small business, Assistant, Management, Jainism, Miramax, Starwood, Apple Inc., MCI, Vail Resorts, Computer science, Digital, Cars.com, Princeton University, Convoy, WPP plc, LLP, CFO, Epic Games, Nike (company), Norwegian Cruise Line, Computer science and engineering, Senior advisor, Audit committee, Harvard Business School

AMC Entertainment Holdings, Inc., (NYSE:AMC), the largest theatrical exhibitor in the United States and in the world, today announced that the Company’s Board of Directors has elected Sonia Jain to the AMC Board of Directors, effective March 1, 2024.

Key Points: 
  • AMC Entertainment Holdings, Inc., (NYSE:AMC), the largest theatrical exhibitor in the United States and in the world, today announced that the Company’s Board of Directors has elected Sonia Jain to the AMC Board of Directors, effective March 1, 2024.
  • Jain brings to the Board extensive financial and accounting experience, including as a chief financial officer (CFO) of a publicly traded company.
  • Prior to her initial tenure at Cars.com Inc., Jain served as CFO of Redbox Automated Retail LLC from September 2016 to June 2020.
  • AMC Chairman of the Board and CEO Adam Aron commented:
    “It’s a privilege to welcome Sonia Jain as a new Director on AMC’s Board.

The Reviews Are In: Cars.com 2024 Dealer of the Year Awards Recognize the Best Local Car-Shopping Experiences Across America

Retrieved on: 
Mittwoch, März 6, 2024
Delivery, Cars.com, Car dealership

CHICAGO, March 6, 2024 /PRNewswire/ -- Car-shopping marketplace and dealer reputation site Cars.com® (NYSE: CARS) — home to more than 13 million dealership reviews, the most industrywide — today unveiled the winners of its annual Dealer of the Year Awards (DOTY), presented annually to the top automotive dealers. Out of the more than 50,000 U.S. and Canadian auto dealers with profiles, 987 were honored as Cars.com DOTY recipients based on more than 1 million online consumer reviews submitted in 2023.1 Winners were selected based on average star rating, total number of reviews and dealer response to those reviews — all key drivers of repeat and referral business.

Key Points: 
  • "A consumer submits a dealership review every 27 seconds on Cars.com, providing dealers with valuable real-time feedback and shoppers with firsthand information about a dealership's customer experience."
  • Award-winning dealers earned 21x more consumer reviews than non-winning dealers, highlighting the importance of online reputation and how it helps build long-term, trusted relationships between a customer and dealer.
  • Year after year, high levels of responsiveness and individual dealership employee accountability are the most reliable predictors of dealer success in the DOTY Awards.
  • More than 195,000 dealership employees received over 1.4 million individual ratings last year, an 8.5% increase from 2022.1
    This year's Cars.com Dealer of the Year Award winners include: